does this help barack obama? >> it's very hard to say because there's a real debate right now about monetary policy. it's actually the most exciting debate that most americans have never heard of. you recently have this guy called michael woodford, a really important monetary economist, who's come out and said we need the fed to engage in demand management and we need clear signals for the fed over the long term. so having a burst of qe here or there isn't really going to do it. we need a long-term commitment that the fed is going to send clear signals that as long as the economy is really weak we're going to take action. the problem is you still have a lot of folks, particularly hard money poppopulists. who are saying this is dangerous, this is too much discretion. >> right, they don't like it. >> exactly. you have some conservatives who disagree. so this is a really open question it and my own view is that we really need monetary stimulus. does it help the president? probably not. if it's this random grab bag.